Breaking down New York’s new cyber regulations

New regsImage by ThinkstockIn late September, the New York Department of Financial Services (NY DFS) and Gov. Andrew Cuomo announced a series of new rules strengthening cybersecurity requirements for financial firms in the state of New York. Financial firms are treasure troves of private client data and one of the most sought after targets for attackers. In the face of these new regulations, banks, hedge funds, insurers, and financial institutions must ensure client information, PII, investment